FX.co ★ AUDUSD M15: Bearish Rectangle

According to the chart of M15, AUDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6429 - 0.0000 and support 0.6409 – 0.6409. In case the resistance level 0.6409 - 0.6409 is broken, the instrument is likely to follow the bearish trend.